Application Software

Analysts at JP Morgan downgraded Citrix Systems Inc (NASDAQ: CTXS) from “neutral” to “underweight.” CTXS's shares closed at $82.15 yesterday. Citrix Systems' PEG ratio is 2.54. Analysts at Citadel Securities downgraded United Therapeutics Corporation (NASDAQ: UTHR) from “add” to “neutral.” UTHR's...

Jefferies is maintaining its estimates on Adobe (NASDAQ: ADBE) following its latest survey of creative professionals. “Our latest work suggests that the CS5.5 release could modestly expand the pool of users who will choose to upgrade, but we don't think there has been an initial boost and most are...

Top Image Systems Ltd. (Nasdaq: TISA) today announced it has entered into a definitive agreement for the private placement of $2,850,000 of ordinary shares of the Company at a purchase price of $2.00 per share to accredited investors. The investors will also receive 25% warrant coverage to...

Jefferies, which downgraded shares of Citrix while raising its PT, is providing some color on the stock. “We are downgrading shares of Citrix (NASDAQ: CTXS) to Underweight from Neutral because we believe current valuations assume overly optimistic market adoption rates of desktop virtualization...

Pre-open movers US stock futures are higher this morning, as investors are awaiting a speech by Federal Reserve Chairman Ben Bernanke. Futures on the Dow Jones Industrial Average surged 58 points to 12,145.00 and futures on the S&P 500 stock index rose 7.50 points to 1,292.50. Nasdaq 100...

Morgan Stanley is out with its report today on Autodesk (NASDAQ: ADSK), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "An expanding product portfolio, and broadening industry and geographic coverage should help sustain ADSK's longer-term growth strategy of providing high...

Concur (Nasdaq: CNQR) today announced it has agreed to acquire privately held GlobalExpense, a London-based market leader in Web-based end-to-end expense management, for 12 million pounds Sterling, plus a performance-based contingent earn-out of up to 2 million pounds Sterling. Concur expects the...

JP Morgan has downgraded Citrix Systems (NASDAQ: CTXS) from Neutral to Underweight and has raised the price target from $53 to $65.

Compuware Corporation (Nasdaq: CPWR), the technology performance company, today announced that it has strengthened and extended its executive management ranks. The company will continue to benefit from the strategic guidance of co-founder Peter Karmanos, Jr., who will now serve the organization as...

Deltek (Nasdaq: PROJ) today announced that SINTEF has signed a strategic deal with a consortium led by Logica to implement the Deltek Maconomy ERP solution and the resource planning solution Deltek People Planner to improve internal business processes. SINTEF is the largest independent research...

Deutsche Bank is out with its report today on Nuance Communications (NASDAQ: NUAN), maintaining Buy. In a note to clients, Deutsche Bank writes, "NUAN is the clear market leader in speech recognition technology and has effectively applied it in three key verticals: mobile, healthcare and...

Deutsche Bank is out with its report today on Adobe (NASDAQ: ADBE), maintaining Buy. In a note to clients, Deutsche Bank writes, "Product leadership remains strong with the Creative Suite as well as Omniture, while the Digital Publishing Suite takes advantage of the rapid move of content to mobile...

ePlus inc. (Nasdaq: PLUS) today announced that its subsidiary, ePlus Technology, inc., has acquired the operating business of NCC Networks, Inc., a security-focused solutions provider that operates a Security Operations Center located in metropolitan Chicago. With the acquisition, ePlus expands its...

In a report regarding Autodesk, Inc. (NASDAQ: ADSK), Citi reports that “Our proprietary Vertical Tracker bounced back in June after dipping in May in the wake of the Japan earthquake.” “Expected 2011 revenue growth among the 280 companies across 28 countries in Autodesk's target markets is up ~210...

Ebix, Inc. (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today reaffirmed a positive outlook for the year 2011 and beyond. The Company decided to issue this release in response to the sudden stock price drop today. The...